Pi Network Updates Launchpad Testing Amidst Underlying Asset Slump
The core development team behind the Pi Network, a project that has garnered both popularity and controversy, has released a new update regarding the testing phase of its Pi Launchpad. The update introduces a brand-new test token, SLICE, while the underlying PI asset faces intensified struggles, nearing another breach of the $0.13 mark.
Last week, CryptoPotato reported that the Pi Network team had revised the participation and flow model for the Pi Launchpad. This adjustment opened the door for all users, referred to as “Pioneers,” to engage in testing the second such token, named SLICE.
To participate, users were instructed to open the Pi Launchpad within the Pi Browser, review the new test token and its associated project, select a commitment amount in Test-Pi, confirm their participation, and then interact with the Slice of Pi App to provide feedback. This initiative is scheduled to continue for another 10 days, concluding on Pi2Day, June 28.
The latest update on the testing period indicated that the initial test token provided “useful data and highlighted areas where the Launchpad experience needed improvement,” underscoring the importance of Pioneer feedback. Consequently, the revised participation flow has been streamlined to be “simpler and clearer.” The team stated that participation is now “centered around the commitment amount, which has the direct effect on token acquisition.”
Users have the flexibility to determine their Test-Pi commitment, with the Launchpad automatically calculating the corresponding ‘fair-access hold.’ Before final confirmation, Pioneers are presented with their commitment amount, hold amount, and the total.
“The goal is to make it easier to understand and use the Pi Launchpad, and preserve the intended fair-access effect of the hold,” the team explained.
Meanwhile, the non-testing token of the Pi Network ecosystem has experienced significant downturns recently. Its price fell below $0.12 on June 6, setting a new all-time low. This represented a substantial 96% decline from its peak in February 2025.
While the asset saw a rapid initial recovery, pushing towards $0.14 as broader market sentiment improved, recent events have introduced renewed uncertainty. The Federal Open Market Committee (FOMC) meeting and the subsequent press conference yesterday contributed to a slide in Bitcoin below $64,000, with many altcoins, including PI, following suit.
As of now, PI has retreated towards $0.13, marking a decline of over 3% in the past 24 hours. The token remains outside the top 50 altcoins by market capitalization, which currently stands at $1.420 billion.
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